Cotton futures settled the day with the front months 4 to 43 points higher. Trade guesses ahead of Thursday’s USDA report show 17/18 exports 400,000 bales above the February projection at 14.9 million bales. Expected increases in exports would help to trim ending stocks for the US 500,000 to 5.5 million bales according to a Reuters survey. The Cotlook A index jumped 315 points higher from the previous day on March 6 at 94.60 cents/lb. Cash sales on the Seam were reported at 7,220 bales, with prices averaging 72.49 cents/lb. The Adjusted World Price (AWP) will be updated tomorrow.

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The U.S. Food and Drug Administration and the U.S. Grain Standards Act allow ZERO TOLERANCE for treated seed occurring in grain.

FCE wants to remind you to thoroughly clean all equipment that comes in contact with treated seed. Be sure to check and recheck to make sure it’s clean. One kernel of treated seed, whether it is corn, soybeans, or wheat, can contaminate an entire bin and can cost FCE millions of dollars. If you are checked and have treated kernels, by law, you may have to pay for the grain quantity that was tainted.